At this point in time, let’s draw a line and have a serious think about what lies ahead for the next 12 months for OBM
1. The decline under Riverina is almost complete and high grade gold will be sourced soon, with bigger volumes when mining stopes in Feb 24
2. Grade control drilling at the base of Sand King has identified very high grade gold that will likely be going through the plant asap (multiple intersections of 17 to 19.8 g/t)
3. Shortly another 31 holes will be drilled under Sand King to scope out the potential of another underground development in 2024
4. The open cut mining at Missouri in the current quarter will be higher grade (lifting ounces and reducing costs anyway)
5. Renovations to the plant (tertiary crusher and new/bigger motors) would increase throughput and reliability
I think the scene is set for a pretty spectacular 12 months, with each quarterly outcome likely bettering the previous
I cannot put it past Like and his team to be able to fast track a second underground development that could be up and producing ore to the mill by Christmas 2024.
That’s the sort of exponential organic growth that you would be hoping/looking for from a Northern Star MK II
I personally still expect this stock to be comfortably over 25 by mid 24 and closer to 50 by Dec 24 year end (but do your own homework and seek some independent expert advice)
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